Calculate the cost of sales and the breakdown of profit for the year between parent company equity holder and non-controlling interest, as per the consolidated income statement for Pandar Group ended 30th September 2019. Please justify your calculations.
1On 1st April 2019 Pandar purchased 80% of the equity shares in Salva. The acquisition was through a share exchange of three shares in Pandar for every five shares in Salva. The market prices of Pandar’s and Salva’s shares at 1st April 2019 were £6 and £3.20 respectively. The summarised income statements for the two […]